News

Stock market woes hit US pension scheme fundingA sharp decline in the US stock market during the final quarter of 2018 dashed hopes that the nation's largest corporate pension plans would enjoy consecutive years of improved funding.07 January 2019

Global InsurTech investment doublesMore than $1.3bn (£1bn) was invested in insurance technology firms in the third quarter of this year, double the amount recorded in the previous three months.20 December 2018

Review calls for new regulator to replace FRCThe Financial Reporting Council (FRC) should be replaced as soon as possible with a new regulator with clear statutory powers and goals, an independent review has concluded.18 December 2018

IASB to propose IFRS 17 amendmentThe International Accounting Standards Board (IASB) has agreed to propose an amendment to IFRS 17 around presentational requirements for insurance contracts on balance sheets.14 December 2018

CMA confirms new fiduciary management reformsPension trustees will have to run a competitive tender with at least three firms before choosing a fiduciary manager to invest more than one-fifth of a scheme's assets.13 December 2018